Sony Ericsson Considering Acquisition of Spice Mobile
Jul 14, 2008, 7:48 AM by Eric M. Zeman
According to Reuters, Sony Ericsson is seriously considering buying India-based Spice Mobile. Spice Mobile is a cell phone manufacturer. Sony Ericsson did not cite reasons for wanting to buy Spice Mobile, but it could make use of any operational facilities that Spice has for its own devices and it could also give Sony Ericsson an immediate presence in the Indian market. Sony Ericsson is seeking to buy a majority stake. Spice Mobile is currently 64% owned by BK Modi Group. Sony Ericsson has had two consecutive financial quarters with lowered results due to softening demand for some of its phones. No deal with Spice has been finalized.
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